Ichor (NASDAQ:ICHR) Given “Market Perform” Rating at Oppenheimer

Ichor (NASDAQ:ICHR)‘s stock had its “market perform” rating restated by equities researchers at Oppenheimer in a report released on Tuesday, MarketBeat reports. They presently have a $32.00 price target on the technology company’s stock, up from their previous price target of $30.00. Oppenheimer’s price objective suggests a potential upside of 4.56% from the stock’s current price.

ICHR has been the subject of a number of other research reports. DA Davidson cut their target price on shares of Ichor from $35.00 to $30.00 and set a “buy” rating for the company in a research note on Tuesday, November 4th. B. Riley raised their price objective on shares of Ichor from $19.00 to $30.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 21st. Needham & Company LLC raised Ichor from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research report on Tuesday, January 20th. Wall Street Zen lowered Ichor from a “hold” rating to a “strong sell” rating in a research note on Saturday, November 8th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Ichor in a research note on Monday, December 29th. Four analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $30.14.

Ichor Stock Performance

Shares of ICHR traded up $0.01 during mid-day trading on Tuesday, reaching $30.60. The company’s stock had a trading volume of 399,928 shares, compared to its average volume of 985,759. The company has a current ratio of 3.08, a quick ratio of 1.33 and a debt-to-equity ratio of 0.17. Ichor has a 1-year low of $13.12 and a 1-year high of $35.56. The business has a 50-day simple moving average of $20.64 and a two-hundred day simple moving average of $19.54. The stock has a market cap of $1.05 billion, a P/E ratio of -25.66 and a beta of 1.83.

Ichor (NASDAQ:ICHR) last posted its quarterly earnings results on Monday, November 3rd. The technology company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.05). Ichor had a negative net margin of 4.26% and a negative return on equity of 0.96%. The business had revenue of $239.30 million during the quarter, compared to the consensus estimate of $235.14 million. During the same quarter last year, the company posted $0.12 EPS. The firm’s revenue was up 13.4% on a year-over-year basis. Ichor has set its Q4 2025 guidance at -0.140-0.020 EPS. As a group, equities research analysts anticipate that Ichor will post 1.01 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Iain Mackenzie acquired 10,000 shares of the company’s stock in a transaction on Monday, November 17th. The stock was purchased at an average cost of $14.53 per share, with a total value of $145,300.00. Following the acquisition, the director directly owned 130,011 shares of the company’s stock, valued at approximately $1,889,059.83. The trade was a 8.33% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Barrow Hanley Mewhinney & Strauss LLC raised its stake in Ichor by 497.2% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,698,239 shares of the technology company’s stock valued at $29,753,000 after purchasing an additional 1,413,870 shares in the last quarter. Invesco Ltd. raised its position in shares of Ichor by 61.8% in the 3rd quarter. Invesco Ltd. now owns 1,253,457 shares of the technology company’s stock valued at $21,961,000 after buying an additional 478,952 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Ichor by 1,710.7% during the 3rd quarter. Millennium Management LLC now owns 855,011 shares of the technology company’s stock worth $14,980,000 after acquiring an additional 807,792 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Ichor by 0.7% during the 2nd quarter. Geode Capital Management LLC now owns 826,399 shares of the technology company’s stock worth $16,233,000 after acquiring an additional 5,691 shares during the period. Finally, Alliancebernstein L.P. boosted its position in shares of Ichor by 2.0% during the 3rd quarter. Alliancebernstein L.P. now owns 812,815 shares of the technology company’s stock worth $14,241,000 after acquiring an additional 15,924 shares in the last quarter. Institutional investors own 94.81% of the company’s stock.

Ichor Company Profile

Ichor Holdings Ltd. is a global supplier of critical subsystems used in the fabrication of semiconductor devices. The company specializes in the design, engineering and manufacturing of gas delivery systems, vacuum pumps and abatement solutions that manage process gases and by-products in wafer-processing tools. Its modular subsystems are designed to integrate with lithography, etch, deposition and cleaning equipment, helping to ensure precise control of gas flow, pressure and purity throughout the chip-manufacturing cycle.

Founded in the mid-1980s and headquartered in Fremont, California, Ichor has expanded its footprint across Asia, Europe and North America.